Last week, the Tehran Times noted that the Iranian oil bourse will start trading oil in currencies other than the dollar from March 20. This long-planned move is part of President Mahmoud Ahmadinejad’s vision of economic war with the west.

Marc Faber does not mince words. He believes the money printing policies of the Federal Reserve and its sister central banks around the globe have put the world's currencies on an inexorable, accelerating inflationary down slope.

Can you tell what the difference is between these two $1 bills?
If you went to spend them, each would get you a burger off of the dollar menu although there is a major difference between the two.
The bill on the top is based on the Gold Standar

I’ve been having breakfast at Cafe Manolo’s ever since I started coming to Panama, going on ten years now. They make the best ‘batido’ ever… it’s sort of like a milk shake crossed with a fruit smoothie. And it used to be ridiculously cheap. Not anymo

The world has an excess of fiat currency, yet world bankers seem ready to prove that the creation of yet more money will stimulate our economy. The more likely outcome is devalued currencies and a much lower standard of living.

When one gets tired of pandering to one's masters in an effort to effect change that continually results in futility, the time comes (as was the case with John Lennon and his campaign “War is Over”...”if you want it”) to direct the message instead of

For years, technology has increased in scope almost to the point where electronic transactions could one day replace physical cash in selling and purchases, and additionally, the agenda and policies to force Americans to that new paradigm are current

President Barack Obama is considering naming Larry Summers, his former top economic advisor, as head of the World Bank, Bloomberg reports, citing "two people familiar with the matter."
Summers, a former U.S. Treasury Secretary, Harvard Presiden

The one-cent copper coin was made at the Mint in Philadelphia in 1793, the first year that the U.S. made its own coins. James Halperin of Texas-based Heritage Auctions said the sale was “the most a United States copper coin has ever sold for at aucti

We recently received a great question from a reader, Chuck, who asked, “Simon, I’m going to HK in 10 days to open a bank account, and I know there are options to do this in several foreign currencies. What foreign currency would you recommend to hold